๐ฏ PUMP pulled back 9.66% after a face-ripping rally. Daily RSI still sitting at 74.8 โ this looks like a shakeout, not a reversal.
The setup:
โ Price at $0.00471, holding above SMA7 ($0.00436) on daily
โ Daily MACD histogram still expanding positively
โ 4H shows consolidation, not panic selling
Why I'm watching this dip:
PUMP rallied hard for good reason โ the narrative is strong. Today's pullback on normal volume (1.04x) suggests profit-taking, not trend-breaking. The daily chart structure remains bullish with price above all key moving averages.
๐ Trade Plan:
โข Entry: $0.00456 - $0.00487
โข Stop Loss: $0.00431 (below 4H SMA7)
โข TP1: $0.00490 | TP2: $0.00509 | TP3: $0.00528
โข R:R = 0.5:1 (tight but the trend is your friend)
The key: if this breaks below $0.00431, the thesis is dead. No questions asked.
Buying this dip or fading the bounce? Let me know ๐
#PUMP #Altcoins #DYOR
โ ๏ธ Not financial advice. Low-cap coins carry extreme risk. DYOR.